Pam Marron Home Lending

8Problems.com

www.8Problems.com is a website that addresses problems found going into a short sale, during the process, trying to re-enter the housing market after a shortsale, and problems for those who decide to stay in underwater homes and cannot get help.

This website was made after the first trip to Washington, DC in April, 2013 with Terry Clemans, Executive Director of the National Consumer Reporting Association (NCRAinc.org). During this trip, we realized that the problems of underwater homeowners were too complicated to explain during the timeframes allotted to see national representatives, senators, members of the House Finance Committee, the U.S. Treasury and the Consumer Financial Protection Bureau. We needed to condense, simplify and make problems visual so that they could be better understood. My son Jake went over the problems and the proposed solutions with me, and then made short movies depicting each problem.

When you can discuss problems like these with a 20 year old and logic and reason results, you realize anything is possible. :) I owe my son deeply for this.

Here are the 8 Problems and a link to each one. “In our Corner” are the folks that helped us through these problems, and we aren’t done yet!

Go to www.8Problems.com for more information.

One video that shows all 8 problems: 8 Problems Affecting Underwater Homeowners & Short Sellers Presentation

1) NO SPECIFIC SHORT SALE CODE …. THOUGH A FANNIE MAE “FIX” WILL OCCUR ON NOV. 16,2013!

2) LENDER REQUIREMENT OF DELINQUENCY

3) ELIGIBLE HARDSHIPS NEGLECTED

4)  HARP 2.0 BEING CAPPED BY LENDERS

5) NO REFINANCING FOR NON-FANNIE MAE/FREDDIE MAC UNDERWATER CONV. PORTFOLIO LOANS

6) EX-SPOUSES, WIDOWS & WIDOWERS WILLED OR DEEDED A HOME CANNOT REFI IF NOT ON THE NOTE

7) IMPROPER QUALIFYING OF SHORT SALE APPLICANTS

8) REQUIREMENT OF DISASTER REPAIR BEFORE SHORT SALE